Afternoon Session Vivocom closed RM0.840 with 400M volume.
V-Shape V-Shape Recovery! ..
Here are today’s highlights:
1) It is a good news for Vivocom that Budget 2021 has been passed in voice and Vivocom's business will be the direct beneficiary.
2) Despite the recent drop in share price last few days, today's buying volume is at more than 60% of the total volume traded.
3) Confidence from investors as the current price are attracting their interest.
I am looking forward the stock price trading sideways toward a steady recovery, with support levels at RM0.780/0.855/0.900 & Resistance at RM0.950/1.05/1.13
The panic and force selling has definitely abated for now. So far the trading n volumes exchanged n confidence anew displayed confirmed that today is a case of a classical key-reversal of prices.
Please note that a classical key-reversal chart configuration is a very powerful chart signal that confirms that the downward cycle is over and it marks the start of a new trend or cycle which is upwards.
We can look forward to better trading days ahead for Vivocom n dare I say the Bulls shall ARISE!
It is just the 4th week since the bull started, it is healthy that we experience retrenchment phase like all shares does, but from my TA , I believe my TP will stand as mentioned before with an amendment which I would post later upon detailed assessment.
Together we are strong. Divided we are weak!
P/S: I have made my trading calls in the past based solely on TA and will continue to do so.
Whatever projections any technical analysts makes can turn out to be absolutely right and it too can also be totally wrong.
I make no apologies.
I am not GOD, and as such, please do not ever refer to me as god. Greatly appreciated.
Stock trading is risk-taking!
If you can’t take risk, it would be best if you don’t trade at all.
Good come back by See Jovin with the usual lunch time report. He defies all odds against him by re-emerging and supporting his views, and not to my surprise, the price went up after his post. Keep up with the great daily postings.
It should bother you when the price actually went up after his report. Anyhow, be rationale.
luckystock88 Good come back by See Jovin with the usual lunch time report. He defies all odds against him by re-emerging and supporting his views, and not to my surprise, the price went up after his post. Keep up with the great daily postings.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LOOK009
1,079 posts
Posted by LOOK009 > 2020-11-26 16:21 | Report Abuse
IQGROUP (5107)heard that QR will be announced tomorrow.